European Union Essay Example | Topics and Well Written Essays - 500 words - 4

European Union - Essay ExampleEuropean Union In this respects, each countries specializes in the production of good or services that are relatively economical and cheaper to produce then deputise their surplus with those of other countries with resources for the production of the alternatives. One of such trade groupings is the European Union (EU). The EU was organize with the aim of coordinating and regulating then economic and trading activities of the main European countries. Through this agency, every last(predicate) the trading and economic activities of the member countries are regulated by this body. This body was formed to oversee the atomic number 82 economic growth and development of Europe.However, the formation of this body has impacted on the economic and industrial murder of many countries within Europe. Even with the growth and growth potential in Europe, the formation of this trade regulative body has negatively affected the infant industries of the developing c ountries in Europe, with no economic bargaining power. This has control their growth and trade development potential. scanty trade refers to a government policy that helps to avoid dissimilarity against imports or any kind of interference with imports through application of tariffs to (imports) and/or subsidies to (exports). It aims at getting loose of unfair trade barriers in the global market plus aims at helping to raise the miserliness in both developed and developing countries. Free trade has highly devastated European industries and jobs at large.Free trade leads to adverse working conditions.